Historic Corner Commercial
For Lease
$10,000/Mo
Pending
51005 Washington St, New Baltimore, MI 48047
Main floor retail/office suite is being restored and delivered in white box condition on a triple net basis.
Space SizeContact for details
Property Size4,800 SF
Days on Market131
Property Features for 51005 Washington St
General Information
Standard status
Pending
Size
4,800 SF
Property subtype
Commercial
Lease Type
NNN
Building Details
Building Size
4,800 SF
Units
2
Listing Agency:
Real Estate One-Chesterfield
Listed By:
Mike Meldrum
(586) 876-4041
Source:
Elliman
Added: Apr 28
Changed: Aug 23
Last Checked: Sep 4 at 3:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Estate One-Chesterfield
Investment Insights
Based on property information with market context.
Historic Baker Building corner commercial space with main-floor availability, currently undergoing a complete restoration. The premises will be delivered in white box condition, providing flexibility for tenant customization of layout, finishes, and functionality. Main level concrete flooring will not be poured until mechanical locations are finalized, allowing coordination of plumbing and other mechanical components with the tenant’s build-out plan.
Located in the heart of downtown New Baltimore, the property is described as highly visible and positioned for strong exposure. The area is noted for proximity to Lake St. Clair and for surrounding restaurants, retail, and established businesses. Accessibility is characterized as car-dependent based on provided walk score and bike score data.
Leasing structure is referenced as triple net (NNN). The landlord may also seek a percentage rent equal to 7% of the tenant’s gross business revenue with a disclosed revenue breakpoint.
Located in the heart of downtown New Baltimore, the property is described as highly visible and positioned for strong exposure. The area is noted for proximity to Lake St. Clair and for surrounding restaurants, retail, and established businesses. Accessibility is characterized as car-dependent based on provided walk score and bike score data.
Leasing structure is referenced as triple net (NNN). The landlord may also seek a percentage rent equal to 7% of the tenant’s gross business revenue with a disclosed revenue breakpoint.
Key Highlights
- Historic Baker Building main‑floor commercial space for lease in downtown New Baltimore.
- Pre‑leasing available; originally constructed in the late 1800s and currently undergoing complete restoration.
- Lease rate is $25/SF on a Triple Net (NNN) basis; estimated NNN costs are $4/SF.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48047, MI
39,775
Population
16,765
Households
2.4
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
18.0 sq mi
ZIP Area
2,210
Density / Sq Mi
$95,381
Median Household Income
$50,151
Median Earnings
$1,109
Median Rent
$297,600
Median Home Value
Market
Lease Benchmarks for New Baltimore, MI
$16.29 /SF/Yr
Avg Asking Price
$3.6–$35 /SF/Yr
Price Range
26,056 SF
Avg Space Size
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Main floor retail/office suite is being restored and delivered in white box condition on a triple net basis.
Where is this storefront property located?
The property is located at 51005 Washington St New Baltimore, MI.
What is the lease rate?
The lease rate is $10,000/Mo.
What are key features of this property?
This property features: Historic Baker Building main‑floor commercial space for lease in downtown New Baltimore.; Pre‑leasing available; originally constructed in the late 1800s and currently undergoing complete restoration.; Lease rate is $25/SF on a Triple Net (NNN) basis; estimated NNN costs are $4/SF.
